11 Apr With an Eye on Trump, Refiners Tout IMO Clean Fuel Rule as US Win U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push. Read more...
11 Apr Schneider Adds 4,200 Intermodal Containers in 2018 Schneider added more than 4,200 intermodal containers in 2018 — a 24% increase from the year before — for a total of 22,200, according to a company news release. Read more...
11 Apr Economic Growth: First Quarter Looking Good, Rest of Year Is Not Economists expect U.S. first-quarter growth to decelerate less than previously thought even as they cut forecasts for the rest of the year, projecting a second-quarter rebound will fade as the effects of tax cuts wane. Read more...
11 Apr Gibson Energy Sells Canadian Truck Transportation Gibson Energy Inc. sold Canadian Truck Transportation for C$100 million, the company announced in a news release. Read more...
11 Apr Teamsters, YRC Freight Reach Tentative Deal Through 2024 Unions for workers at Overland Park, Kan.-based YRC Freight and two affiliated companies reached a tentative labor agreement that would result in wage increases over the next five years for most who are covered under the proposal. Read more...
11 Apr Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle. Read more...
11 Apr Jobless Claims Unexpectedly Fall, Hitting New 49-Year Low Filings for U.S. unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market showed little sign of easing. Read more...
10 Apr Transportation Secretary Elaine Chao Reminds House Panel: White House Open to All Infrastructure Funding Options WASHINGTON — Transportation Secretary Elaine Chao reaffirmed the Trump White House’s desire to partner with congressional transportation leaders on an infrastructure policy package that would reflect the views of Democrats and Republicans. Read more...
10 Apr Titanium Transportation Group Expands Into US Titanium Transportation Group Inc. has expanded into the United States with an office in Charlotte, N.C., the company said in a news release. The Bolton, Ontario-based brokerage firm said it expects to add other locations throughout the United States. Read more...
10 Apr Electric-Vehicle Tax Credits Get Bipartisan Boost in Senate A bipartisan group of senators introduced legislation April 10 that would extend a lucrative tax credit for electric vehicles that could benefit companies such as Tesla Inc. and General Motors Co. Read more...